Ugly Picks
Dear Diary,
AAPL defies gravity once again as it closes at another all-time high.
A lot of people are getting caught on the short side of the stick. I could feel them start to panic late in the afternoon. I have sympathy for them but I am glad it is them and not me.
Today was a perfect follow-through day. It is exactly what I was looking for. A high volume break over the 200dma resistance. Unless the market turns sharply and strongly lower soon, I think the trend will remain up until it doesn’t. IBD makes a good point: “Just remember: While every new bull market in history started with a follow-through day, not every follow-through leads to a big rally.”
I really like the looks of the chart for TBH. It is breaking out of a long narrow trading range.
SMTS has been strong for a while, and its strength continues.
Speaking of continuing strength, TEVA is a beauty of a stock.
FAST looks excellent as it is breaking out of a range to new all-time highs.
PPDI looks like it is on its way to $100.
GFIG, though, is my baby. I love this one. Why don’t I own this one yet?
PSYS looks awesome. They were buying the solid stocks today.
I will probably buy some of these stocks tomorrow. Always be careful about earnings - you don’t want to get one that gaps down on you the next morning.
I think Chairman MaoXian’s appetite for pork rinds alone is bringing PORK to new highs.
* user agreement — how to use ugly picks
